Luanda: Rough-diamond sales from the Lulo mine in Angola rose 58% in the second quarter, reaching $4.8 million, owner Lucapa Diamond Company reported Wednesday.
First-half sales slumped 41% to $15.4 million, partly because in the same period the previous year, the company sold a 404-carat rough diamond — the largest in Angolan history — for $16 million.
Meanwhile, second-quarter production at the project rose 63% to 4,203 carats as Lucapa significantly increased output. Mining volumes rose 55% to 57,283 bulk cubic meters, keeping the operation on track to reach the company’s target of 240,000 bulk cubic meters for the year, Lucapa said.
Production of large and high-value diamonds, for which Lulo is known, increased 97% to 57 stones, with the total weight of these “specials” — diamonds of 10.8 carats and above — jumping 76% to 1,199 carats. Among them were two diamonds weighing 50 carats or more, the company said.
